Powell, Tennessee, has a cost of living index that closely aligns with the nationwide average. Specifically, the overall cost of living index for Powell stands at 94, just 6% below the national benchmark of 100. This makes Powell a relatively affordable place to live compared to the average U.S. city. Housing in Powell costs 8% less than the nationwide average, making it slightly more affordable for residents. Groceries and utilities are also near the national average, with only slight variations. Transportation costs 10% less, while healthcare costs remain 2% higher, indicating a slight increase in medical expenses. Miscellaneous costs sit at 7% below the national average, rounding out a balanced cost of living experience in Powell.
Powell, Tennessee, exhibits a cost of living that is close to the nationwide average, with some notable variations in specific categories. The housing index in Powell stands at 92, which is slightly below the national average of 100. This means that residents in Powell can expect to spend about 8% less on housing compared to the average American. Groceries, another essential expense, also show a minimal difference with an index of 97. This indicates that grocery costs are about 3% below the national average, providing some relief to those managing household budgets.
Utilities in Powell are priced at 95 on the cost of living index, indicating a 5% savings compared to the nationwide average. Transportation costs in the area are at 90, suggesting that residents can expect to pay 10% less than the average American for transportation needs. Healthcare services have a cost of living index of 98, which means healthcare expenses are slightly above the national average by about 2%. Miscellaneous expenses, which include things like entertainment and personal care, are at 93, representing a 7% savings compared to the national average. Overall, Powell offers a cost of living that is slightly below the national average in several key categories, making it an attractive option for those looking to manage their expenses effectively.
